47 Views

what do you mean by structural change?


Subhashree Meher 1st Mar, 2021
Answer (1)
Subhrajit Mukherjee 1st Mar, 2021
Structural change refers to dramatic shift in the way a country, industry, or market operates, usually brought on by major economic developments.

The key to effect structural change is the dynamism that is inherent in that system.

Structural change is often sparked by technological innovation, new economic developments, global shifts in the pools of capital and labor, changes in resource availability,changes in supply and demand of resources, and changes in the political landscape.

I hope my answer helps. All the very best for your future endeavors!
UPES B.Tech Admissions 2026
Apply
Ranked #43 among Engineering colleges in India by NIRF | Highest Package 1.3 CR , 100% Placements
UPES Integrated LLB Admission...
Apply
Ranked #18 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS Rankings | 16 LPA Highest CTC
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC | Ranked 33rd by NIRF 2025
UPES M.Tech Admissions 2026
Apply
Ranked #45 Among Universities in India by NIRF | 1950+ Students Placed 91% Placement, 800+ Recruiters
UPES | BBA Admissions 2026
Apply
#36 in NIRF, NAAC ‘A’ Grade | 100% Placement, up to 30% meritorious scholarships
IMT Ghaziabad PGDM Admissions...
Apply
AACSB, NBA & SAQS Accredited | H-CTC 41.55 LPA | Merit Based Scholarship
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books